P L (Israel) Backtesting

PLTF -- Israel Stock  

ILS 97.00  2.50  2.51%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of P L T Financial Services Ltd and determine expected loss or profit from investing in P L over given investment horizon. Additionally take a look at P L Hype Analysis, P L Correlation, P L Valuation, P L Volatility as well as analyze P L Alpha and Beta and P L Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

P L 'What if' Analysis

February 19, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 20, 2019
0.00
If you would invest  0.00  in P L on February 19, 2019 and sell it all today you would earn a total of 0.00 from holding P L T Financial Services Ltd or generate 0.0% return on investment in P L over 60 days. P L is related to or competes with Brack Capital. Financial Services Ltd provides check discounting services to small and medium-sized businesses in Israel

P L Upside/Downside Indicators

Downside Deviation6.66
Information Ratio0.1399
Maximum Drawdown86.59
Value At Risk(9.27)
Potential Upside17.89

P L Market Premium Indicators

Risk Adjusted Performance0.1047
Jensen Alpha1.76
Total Risk Alpha(0.41)
Sortino Ratio0.2825
Treynor Ratio0.9578

P L T Backtested Returns

P L is slightly risky given 2 months investment horizon. P L T maintains Sharpe Ratio (i.e. Efficiency) of 0.2345 which implies the company had 0.2345% of return per unit of volatility over the last 2 months. Our approach to forecasting volatility of a stock is to use P L T market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 3.7319% are justified by taking the suggested risk. Use P L Market Risk Adjusted Performance of 0.9678 and Coefficient Of Variation of 670.67 to evaluate company specific risk that cannot be diversified away. P L holds performance score of 15 on a scale of zero to a hundred. The corporation holds Beta of 2.0821 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, P L will likely underperform. Although it is essential to pay attention to P L T current trending patterns, it is also good to be reasonable about what you can actually do with equity existing price patterns. Macroaxis approach to forecasting future performance of any stock is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if P L T expected return of 3.7319 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable. Use P L Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to analyze future returns on P L.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.57 
correlation synergy

Modest predictability

P L T Financial Services Ltd has modest predictability. Overlapping area represents the amount of predictability between P L time series from February 19, 2019 to March 21, 2019 and March 21, 2019 to April 20, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of P L T price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current P L price fluctuation can be explain by its past prices.
Correlation Coefficient0.57
Spearman Rank Test0.26
Residual Average0.0
Price Variance69.38

P L T lagged returns against current returns

 Current and Lagged Values 
      Timeline 

P L regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

P L Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - PLTF

P L T Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in P L T Financial Services Ltd. What is your perspective on investing in P L T Financial Services Ltd? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
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Additionally take a look at P L Hype Analysis, P L Correlation, P L Valuation, P L Volatility as well as analyze P L Alpha and Beta and P L Performance. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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